
The Prof G Pod with Scott Galloway Office Hours: Elon Musk and the Algebra of Deterrence, Amazon’s Third-Party Sellers, and the Dangers of Algorithmic Ads
Apr 18, 2022
Elon Musk's legal maneuvers raise questions about fairness in tech regulations. There's a growing concern over how much influence tech giants have over capital markets and how this affects public trust. Businesses are grappling with the risks of platform dependency, especially amidst algorithm changes that can hit revenues hard. The responsibility of tech companies in curbing misinformation comes under scrutiny, alongside the challenge of promoting reliable news in a subscription-driven world. Socio-economic divides highlight the urgent need for fact-checked information.
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Tech idolatry
- Tech CEOs enjoy god-like status due to the mystical nature of technology.
- This leads to different standards of accountability, as seen with Elon Musk.
Algebra of Deterrence
- Implement an "algebra of deterrence" where penalties outweigh the benefits of breaking the law.
- Increase fines and enforcement to discourage illegal activities, especially for the wealthy.
About.com and Google
- Scott Galloway recounts the New York Times' experience with About.com, a website that capitalized on Google keyword arbitrage.
- Google's algorithm change drastically impacted About.com’s revenue, highlighting platform vulnerability.
